Wheat gained as USDA may lower supply estimates

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Rural commodities were mixed on Monday amid escalated worries that spreading debt crisis in eurozone will dent demand for farm commodities. Broadly stronger US Dollar added pressure on the commodity group. Meanwhile, traders are cautious ahead of the USDA supplies report due on Thursday.

Wheat gained for the first time in three sessions on speculation that the USDA may cut global supplies estimates.

Corn was the top-loser as overseas demand for US supplies is weakening and domestic ethanol production is falling. However, the downswing was limited as Argentina's crop is expected to fall slightly this season.

Sugar prolonged its slump on signs that global supply will outweigh demand this season. Sending the sweetener lower, concerns over possible rains in Brazil eased.

Coffee rebounded but hovered near one-month low amid continuous concerns that crisis in eurozone will curb coffee consumption in the region.

 

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.